NYC Seminar Explores FASB Regulations And The SEC

Monday, August 1, 2011 - 00:00

The New York City Bar presents a video replay titled Litigation Contingency Reporting: Where Are We with FASB and the SEC? The seminar will be broadcast on Friday, September 9, at the New York City Bar Association, 42 West 44th Street in New York City. It begins at 9:00 a.m. and ends at 10:00 a.m.

One of the most perplexing issues facing in-house litigation counsel today involves litigation contingency reporting under FAS 5 - that is, the new ASC 450. FASB has drafted a proposed disclosure standard that has given rise to significant controversy. Conformity even to the present standard is under a microscope, with both FASB and the SEC planning to take a careful look at upcoming 10-K litigation disclosures in evaluating compliance and the need for a new standard at all. This program will offer participants insight into what is going on with both FASB and the SEC and what they will be looking for in upcoming 10-Ks.

Michael R. Young, partner at Willkie Farr & Gallagher LLP, and Wayne Carnall, chief accountant, Division of Corporate Finance, U.S. SEC, will offer some answers to these perplexing issues facing in-house litigation counsel today.

For information visit CLE Events on The Metropolitan Corporate Counsel website at

To register for this program visit, or call (212) 382-6663.